Stocks

Wall Street Review: Stocks Stage Broad, Sharp Rally

The S&P 500 hit an all-time high amid easing Middle East conflict and trade tensions, as lower oil prices and bond yields also fueled the rally.
Wall Street Review: Stocks Stage Broad, Sharp Rally
Traders work on the floor of the New York Stock Exchange during morning trading on June 23, 2025. Michael M. Santiago/Getty Images
Panos Mourdoukoutas
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News Analysis

After a brief pause over the previous two weeks, U.S. stocks staged a broad and sustained rally this week, closing sharply higher amid signs of easing tensions in the Middle East and in global trade. Meanwhile, falling oil prices and bond yields further fueled the gains.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”